U.S. Income Inequality Worse Than Many Latin American Countries
The Huffington Post | Posted: 01/27/2013 10:10 am EST
Latin America has long been viewed as a region plagued by some of the worst wealth inequality in the world.
But in recent years, those figures have turned around, while in the United States income inequality is on the rise.
Adam Isacson, analyst for the Washington Office on Latin America, notes the change on his blog. According to recent figures on income published by the U.N. Economic Commission for Latin America and the Caribbean, the U.S. income gap now exceeds that of several countries in the Americas. As Isacson writes:
The United States (wealthiest 20% earns 16 times more than the poorest 20%) is now in the middle of the pack. In 1980, the U.S. number was 10.5.